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    Tx-274 Tool, TX 75143

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    Tx-274 Tool, TX 75143

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    • Land
    • 753.40 lot acres
    For Sale
    $7,100,000
    View Listing →
    Texas Ranch Land: Hwy 274 For Sale
    $7,100,000

    Texas Ranch Land: Hwy 274

    753 Acres, Hunting, Fishing, & More!

    Kemp, TX 75143
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tx-274

    Lot size
    753.40 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    Exceptional investment opportunity: 753.401 acres of prime Texas ranch land situated near Highway 274 in Kaufman County, Texas, zip code 75143. This expansive property boasts a tranquil creek, a convenient hunting shed, and a trailer, ideal for recreational pursuits. Enjoy the benefits of fishing, hunting, livestock grazing, and ATV riding on this expansive acreage. Located approximately one mile from US Highway 175 and 1.15 miles from King's Creek Golf Club, this property offers convenient access to amenities while maintaining a secluded feel. Its proximity to Kemp High School and less than a mile from Cedar Creek Reservoir adds to its appeal. The property comprises several parcels (IDs: 6940, 7203, 7204, 1626, 194495) with large portions within a Qualified Conservation Trust (QCT). The property is zoned for agricultural use. Utilities include city water and electricity, with septic systems available. The asking price is $7,100,000. Please note: Buyers and their representatives are responsible for verifying all dimensions, allowable lot use, and MLS information, including square footage, schools, zoning, and utilities. There are no known restrictions, and easements are non-existent. A lease may be outstanding

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tool
    County
    Kaufman
    State
    Texas
    Longitude
    -96.2356
    Latitude
    32.4209

    Comparable in this City

    • Value Estimation by Request
      64.37 Acres

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      124.01 Acres

      2404 Co Rd

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      141.00 Acres

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      3.18 Acres

      00 Smith Rd

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      8.30 Acres

      622 Seven Points Dr

      Land • 8.30 Acres
      622 Seven Points Dr, Seven Points, TX 75143
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    • Value Estimation by Request
      2.00 Acres

      00 Tool Dr Cedar Crk

      Land • 2.00 Acres
      00 Tool Dr Cedar Crk, Tool, TX 75143
      View Details

    Similar Nearby for Sale

    • $7,100,000
      753.40 Acres

      Texas Ranch Land: Hwy 274

      753 Acres, Hunting, Fishing, & More!
      0 Tx-274, Tool, TX 75143
      View Details
    • $978,000
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      Kemp, TX Farm/Ranch Property

      38.83-acre farm/ranch with home, workshops, ponds, and pool.
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      Spacious Rural Property with Workshops

      38.83-acre property with home, ponds, and detached workshops.
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      Kemp Farm and Ranch Acreage

      68+ acre farm and ranch property with multiple ponds.
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      East Texas Pasture Land

      19.22 acres of pasture land in Kemp, Texas.
      2138 County Road 2138, Kemp, TX 75143
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    • $2,472,000
      204.00 Acres

      204 Acres of East Texas Land

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    Similar Nearby for Lease

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      1,352 SF

      Seven Points Retail Property - Prime Location

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      4,824 SF

      Commercial Space in Seven Points

      Versatile commercial property in a growing Texas market.
      430 S Seven Points Dr, Seven Points, TX 75143
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      5,400 SF

      Retail Space in Seven Points

      Retail space available in grocery anchored shopping center.
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      20,000 SF

      Kemp Flex/Industrial Space Available

      20,000 sq ft flex/industrial space for lease in Kemp.
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      5,400 SF

      Prominent Retail Building in Kemp

      Retail space with great visibility and easy highway access.
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    • Contact for pricing
      7,500 SF

      Kemp Flex Facility on US-175

      7,500 SF flex space with office and warehouse.
      11639 Highway 175 E, Kemp, TX 75143
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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